Oracle Reveleus ICAAP Analytics and Oracle Reveleus ICAAP Assessments to Provide Banks with an Integrated View of Risk and Capital Management to Help Improve Performance and Comply with Regulatory Requirements
GARP's 10th ANNUAL RISK MANAGEMENT CONVENTION & EXPO, NEW YORK –
February 10, 2009
To help financial institutions comply with the Internal Capital Adequacy Assessment Process (ICAAP) requirements under Pillar 2 of the Basel II accord, Oracle Financial Services Software today announced Oracle® Reveleus ICAAP Analytics and Oracle Reveleus ICAAP Assessments.
Oracle Reveleus ICAAP Analytics and Oracle Reveleus ICAAP Assessments combine to help form the cornerstone of an integrated solution that enables financial institutions to identify, measure and manage risk and capital across the entire organization.
To help ensure that financial institutions possess adequate capital to meet current and future regulatory and economic capital requirements, Oracle Reveleus ICAAP provides robust capital planning capabilities to analyze baseline and stressed scenarios.
With Oracle Reveleus ICAAP Analytics and Oracle Reveleus ICAAP Assessments, institutions can estimate risk measures such as Value-at-Risk, Conditional Value-at-Risk and Unexpected Loss across risk categories and then allocate these risk measures back across various lines of business.
Manage Capital Adequacy through Risk Identification, Assessment, Quantification, Aggregation, Allocation and Reporting
Oracle Reveleus ICAAP Analytics and Oracle Reveleus ICAAP Assessments provide a process-driven and workflow-based approach for risk identification and materiality assessment.
Through a thorough and structured analysis of a bank’s activities, business units, regulatory and market environments as well as historical scenarios, identified risks are assessed across a combination of factors like size, complexity of instruments, ratings and collateralization.
Oracle Reveleus ICAAP Analytics and Oracle Reveleus ICAAP Assessments work with Oracle Reveleus’ pre-configured and integrated economic capital models for credit risk, market risk and operational risk using advanced statistical techniques to calculate internal capital requirements against all identified risks.
An advanced stress-testing framework enables banks to assess the impact of historical or hypothetical adverse scenarios on working capital. These modeling capabilities encompass a wide range of statistical techniques including Time Series, Copulas and Monte Carlo Simulations.
Oracle Reveleus ICAAP Analytics includes a set of pre-configured dashboards and reports that can help provide senior management with an enterprise-wide and risk integrated decision-making platform for capital management and performance.
“Market conditions have brought the role of risk management sharply back into focus. Financial institutions are closely examining the ways in which they can leverage the value of the Internal Capital Adequacy Assessment Process,” said S. Ramakrishnan, CEO of Reveleus and Mantas products, Oracle Financial Services Software. “Oracle Reveleus ICAAP furthers our industry-leading enterprise risk management offering for financial services and provides institutions with a holistic, enterprise-wide view of risk and capital management while simultaneously helping to achieve mandated regulatory compliance.”
Oracle Analytics for Financial Services is a complete and fully integrated portfolio of analytical solutions covering enterprise risk, performance management, regulatory compliance and customer insight. It is built upon a shared analytical infrastructure consisting of a unified financial services data model, shared analytical computations and the industry-leading Oracle Business Intelligence platform. For more information visit Oracle Analytics for Financial Services.
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About Oracle Financial Services Software Limited
Oracle Financial Services Software Limited (referred to as "Oracle Financial Services Software") (Reuters: ORCL.BO & ORCL.NS) is a majority owned subsidiary of Oracle. Oracle Corporation [NASDAQ: ORCL] is the world's largest business software company. For more information, visit www.oracle.com/financialservices.
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